My view on BNBUSDT.
Price seems to have completed the A move of the correction pattern. In this case A move appears to be a
5 move corrective pattern therefore I expect this corrective phase to be a ZigZag. I expect the B move
to terminate at the 35ish level before before dropping down forming the right shoulder of the HnS...
Price has been on a downtrend since Jul'08 with price currently just broken
thru monthly and weekly support zones turning it to resistance.
Price is testing weekly resistance, if this line is respected then expect...
Price is in an uptrend at the daily with price making higher lows.
Price is also at the moment testing daily resistance zone.
If price breaks thru resistance wait for a pullback to the resistance turned support before
placing for a long trade to ride up from 115.00 until the next weekly resistance (118.20)
Price seems to be respecting the support zone
Price is in a strong downtrend momentum since Jan'18, price at the
moment is testing weekly support zone.
If price breaks below the weekly support, expect price to test the...
Price is testing monthly and weekly support.
Price has respected the monthly support and is now going for a pullback to again test
the support zone. If support holds, a good entry...
Potential Butterfly forming wherein price is at the C leg of the move.
Also a potential Head and Shoulders pattern can be spotted.
I expect price to bounce between 200-217 price levels before price moves up.
Price may even test the neckline, but I dont expect price to go beyond the
neckline due to it being a strong...
ICX 4HR TF
Price is testing daily support zone, which happens to fall also at the 1.414 fib ext.
Possible AB=CD pattern forming wherein price is at C Leg of the movement.
Possible butterfly is also forming.
If price respects support then expect price to go up.
Potential Bat Forming for GTO wherein price is at Leg C of the formation, wherein price is testing support zone.
RSI and MACD are both at oversold
If price action respects support then a reversal is imminent and I expect price to go test the 1050'ish price level, if
that is breached then I expect price to reach...
Price is at Resistance zone. A potential Head and Shoulders can be seen, and a potential Butterfly can be spotted as well.
RSI at oversold. Divergence can be spotted for both RSI and MACD.
RSI and MACD at oversold. Price action seems to want to go down with the last candle being somewhat of a
Price has completed a bullish butterfly within another bullish butterfly.
Price is testing support at the moment wherein price is also between the 1.414
and 1.618 fib ext zone.
If the support holds, then expect price to rally high.
Price is at weekly support zone as well as testing the 100ma line
RSI and MACD at oversold.
Looking at the weekly, one can notice that the current price levels are at about the same
level last year when BTC started pushing high.
Daily is forming a descending triangle, with a possible Gartley
forming where price is at C...
Price is currently testing weekly support zone, which also falls in the 1.414 fib ext zone.
RSI and MACD both at oversold, and divergence can be spotted.
If price respects the support zone, then expect price to go up
Possible Head and Shoulders detected.
Price is at resitance zone, wherein price is also at the 0.786 fib zone.
If price respects both resistance and fibs, then theres a possibility to ride the
price down until the neckline.